Amid ongoing FTX bankruptcy proceedings, court documents indicate that media companies such as Bloomberg, The New York Times (NYT), Dow Jones & Company, and the Financial Times (FT) want to disclose redacted information associated with FTX’s creditors. Media companies believe the public should be made aware of the creditors’ information, as the publications in the court filing asserted that “the news media act as the eyes and ears of the public.”
So-called “media meddlers” insist court must disclose FTX’s creditor information
Four major news publications have filed a document with the now-defunct Chapter 11 bankruptcy case associated with cryptocurrency exchange FTX. Essentially, the publications call themselves “media interlopers” and the intervenors “object the continued sealing and redaction of information that has historically been public in nature.” The four media outlets include the Financial Times (FT), The New York Times (NYT), Bloomberg, and Dow Jones & Company.
The so-called “media meddlers” cite a specific rule allowing “any relevant entity” to intervene in a bankruptcy matter and “in connection with any specified matter”. The publication also says that courts have “routinely recognized the media’s right” to “interfere” or “challenge seal orders.” Deposit adds:
The news media act as the eyes and ears of the public, informing the public about the issues of the day. This valuable social function is hampered by the sealing of judicial records.
Despite the debtor’s objections to keeping the list of clients in the strictest confidence, and the reasoning that publishing the list of debtors’ clients could cause harm to clients, “media interventionists” call these arguments “vague statements” that “do not appear to ‘fulfill the burden of proof’”. Bloomberg, the Financial Times, The New York Times, and the Dow media companies all agree that “revising creditor names is inappropriate.” The court filing continues:
While redaction of contact information can be justified in some circumstances to prevent identity theft and harassment, releasing creditors’ names does not put creditors at risk of identity theft nor at personal risk. Nor does it create undue risk of unlawful injury.
In addition, the Celsius bankruptcy case by media companies has been highlighted in the court filing. In that specific case, the bankruptcy court published 14,000 pages of customer usernames and trading history. After the Court did this to Celsius users, it caused a great deal of public outcry. This Celsius dox is one of [most] Blatant Violations of Privacy in the Encryption Record”, one individual Wrote in time. The news also comes on the heels of public denunciation of mainstream media publications on several occasions of people having sex with people.
From Dorian Nakamoto to the Libs of Tiktok, Media Doxxing Transcends Internet Culture and Becomes the Industry’s Tool of Choice
Recently, Washington Post reporter Taylor Lorenz was, too Criticize in mid-April due to reports that the creator, Libs of Tiktok, was alienated. Four years ahead of publications by mainstream media such as the New York Times He said that doxxing has become “a major tool in the culture wars.” The report notes that “identifying extremist activists and exposing their personal information has become a kind of sport on the Internet.”
Years later, the foundation’s media was accused of profiting from doxxing and using the controversial tool for clicks, publicity, and fame. When Newsweek columnist Leah McGrath Goodman published a report in March 2014, the reporter was Criticize In order to doxxing dorian nakamoto ca address. Turns out, Dorian wasn’t Satoshi Nakamoto and said the reporter treated him unfairly.
As far as the FTX bankruptcy issue is concerned, Redditors from the r/cryptocurrency forum Criticize Bloomberg, FT, NYT and Dow media companies for trying to deal with clients connected to the crashing stock exchange. In the forum discussion, Redditors also talked about how to use the Number of publications Like the New York Times Spread the puff pieces On FTX co-founder Sam Bankman-Fried.
“I didn’t expect anything better from the media. It’s all about the money for them and 0% about the truth,” one individual said. Wrote. “Unfortunately, many still trust them.” another person added:
Mainstream media are highly paid actors.
Despite the recent public outcry against Celsius dox, the so-called “media meddlers” do not mention this part of the story, even though it was quite clear that the public was not pleased with the bankruptcy court’s decision.
“Refining the names of the creditors will have far-reaching impact as the case progresses,” the media post said in the FTX bankruptcy court filing. “This court has routinely authorized debtors in other Chapter 11 cases to provide classified information under seal,” the lawsuit concluded.
What do you think of Bloomberg, FT, NYT and Dow media companies trying to remove FTX’s creditors list without modification? Tell us what you think about it in the comments section below.
Jimmy Redman
Jamie Redman is the Chief News Officer at Bitcoin.com News and a financial and technology journalist based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about disruptive protocols emerging today.
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